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Press release

Press release

ÅF begins sales of property holdings

The board of directors and management of ÅF have taken the decision to dispose of the greater part of the group's property holdings, in all 7 out of 8 large properties. The decision is part of a continuing concentration of ÅF as a consultancy company focussing on the industrial sector.
 
The sale is expected to bring operational advantages when a specialised property owner takes over the holdings. The market value of the properties for sale was approximately SEK 170 millions, according to Forum Fastighetsekonomi AB.
 
The funds raised will be used to develop ÅF's core activities.
 
Not included in the sale are for the present Härolden 44 (approximately 10,700 m2, the headquarters of ÅF in Stockholm. The property was valued at SEK 240 millions at the beginning of this year, according to Forum Fastighetsekonomi AB.
 
The aim is to sell the greater part of the properties listed below during the second half of 2003. Leimdörfer is our advisor and a sales procedure has just been set in motion.
 
Sale property:
 
Location
Name
Area in m2 (approx.)
Stockholm
Härolden 1
3,500
Malmö
Sandsjön 1
6,400
Växjö
Rättaren 4
1,400
Sundsvall
Norrmalm 4:6
2,000
Luleå
Porsön 1:415
1,400
Tyresö
Snickaren 6
4,000
Norrköping
Orkestern 2
3,900

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